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20110728
20110728
Search Results 0 to 14 of about 15 (some duplicates have been removed)
find out about them. if you want to nominate someone you know who's making a big difference in your community or another community >>> tonight, washington in turmoil. >> we cannot borrow more money. we have to balance our budget. >> we're running out of time. it's time we get serious about finding a compromise. >> americans outraged. >> they can't seem to get it together and compromise. >> we have adults who have been elected to office, and yet they play worse than 3-year-olds. >> i'd fire them all. >> what would it take to get a deal done? i'll ask the white house and the republicans. plus, what this crisis is already costing you. and adam levine, rock star, maroon 5 front man. he's sold more than 15 million albums. he's conquered tv on his first season of "the voice." >> christina takes things to a whole new level, right? you can level with me. >> i can't on national television. >> but tonight his biggest challenge yet. i'm getting him to do something you've never, i mean never seen him do before. >> this is so dumb. i don't know why i can do it. >> that is incredible. >> the amaz
cloud over this economy at this vital time. >> how big a problem is the split in the republican party? and the reason i ask you that is that senator mccain has come out very strongly and angrily today lambasting those on the tea party side of the gop saying that their demands of balancing the budget and so on are completely fanciful. he calls them hobbits. clearly there's a split there amongst some republicans, but is that helpful or a hindrance to trying to get a deal here? >> look, i think the leaders have set terms that i think allow for a type of compromise. the thing the president's been talking most about, which is the importance of making sure that we do not keep the specter of default hanging over our economy narks tha we have a debt limit that's extended into 2013 so we provide some stoernt investors and job creators in our economy, that's something that virtually all of the democratic and republican leadership has called for during most of these negotiations. almost everybody wants some form of a down payment on deficit reduction. almost everybody believes we need to come ba
higher. the ftse and the dax are both down. sony is reporting big losses. let's go to kyung lah, live in tokyo. good morning, kyung. >> reporter: good morning, ali. it's not just sony but it is a bad day in a lot of boardrooms and many of the electronics companies here in japan. we saw a lot of reporting of the quarter from april to june. sony posted a loss of 191 million u.s. dollars. panasonic, down 390 million. sharp down 630 million and nintendo says they lost in that quarter 327 million u.s. dollars. why? well, partially because of the march 11th earthquake. they are still trying to recover from the poor sales and the supply problems. the other theme we keep seeing over and over again from these electronics companies is the currency problem. the u.s. dollar is sinking. sinking very rapidly in these last six weeks. u.s. manufacturers, just like japanese manufacturers all operate on the u.s. dollar. and so when japanese manufacturers then have to repatriate these funds here, they lose if the dollar is sinking and the yen is rising. what is pushing the dollar down is all of that u.s
opposition to this big, but there, i predict, will be no democrat for this bill so because bipartisanship was not sought. i'm a diely concerned it would pus us right back on the praecipe of imminent default in just a few months, casting a pall of uncertainty. and leading to a job-destroying credit downgrade. >> i urge my colleagues in the name of sanity and in the name of ensuring in a we pass this measure and we send it to our colleagues in the united states senate. >> here areas a quick reality check if this bill passes the house, it's going to hit a big roadblock in the senate. senate democratic caucus, every member of that caucus has signed onto a letter say they will oppose the bill, and senate majority leader harry reid announced today they will quickly take up the bill in the senate this evening, but only to table the measure, a vote to table the measure effectively just setting it aside. that doesn't mean think couldn't take it back up if they wanted to, but it's a quick way legislative for democrats to show there is not enough support for this big to pass the senate. it brings us
out of room to cut. you will remember the big spending bill earlier this year cut tens of billions of dollars. so if you take a step back and you look at the entire forest there's a lot of spending cuts going on. lot of real spending cuts democrats are arguing that they are going to hurt a lot of people. so those certainly are accounting tricks. in terms of that last little margin to get to the point where they are cutting more than they are raising the debt ceiling which is what republican leaders wanted to do, they needed to rely on some creative use of cbo accounting methods. >> right. this is also interesting, though. even if he does get john boehner, that is, the house, even if he does get the conservatives to fall in lynn and go ahead and vote for this, there seems to be question about whether it will get out of the senate. have you 53 senators, two independents, included who said they are not going to support boehner's proposal. now we are looking at another proposal perhaps harry reid's proposal which the cbo also downgraded. let's take a look at the numbers. instead of $2.
for joining us. if we don't get a deal out of washington before the big bad debt ceiling deadline, one of the guys you can blame or thank, depending on how you see it, is congressman joe walsh, a republican from illinois. he's one of those freshmen who rode the tea party wave into washington last fall. we mentioned them a moment ago. he spoke out against a compromise at a tea party rally in washington earlier today. listen. >> i'm a freshman. maybe i'm naive. but i don't think unless we force -- unless we force republicans and democrats to balance their books every year, they won't. the only way we can do that is to force them. the only way we can force them is to put a balanced budget amendment in the constitution. we have to do that. we can't yield. >> and congressman walsh joins me now live from capitol hill. congressman, welcome back to the show here. listen, you know what i'm hearing more than anything around d.c., people are saying about you and some of the other people who are really holding the hard line here, don't these guys know how to take a win? because the feeling is that
. if they manage to defeat this vote today, this is going to be a big, big problem for markets. if they don't, you may see markets continue to tread water until there is a solution to this. now, remember, speaker boehner's plan is not likely one that is going to pass the senate. not likely one that is going to get past the president. the bottom line if there is some sense boehner has better control of h over hi members you may see markets allowing a little bit more time. right now markets are largely relaxing but ready to move if this doesn't go the right way. >> thanks, guys. >>> at the bottom of the hour, we will go to wall street for the opening bell and answer a question many of us have right now -- should we take our money out of the stock exchange and where do we put it if so. we will talk to a financial analyst about that. >>> cnn obtained dramatic new video taken minutes after the bombing of the government buildings in norway. it was shot by a hamburg who works in oslo and driving through a tunnel beneath the city's government plaza when the bomb went off. eight people killed. he recorded
on this situation, ramy. apart from the debt situation, there are big earnings numbers out, nina. >> there are indeed. let's turn our attention away from debt towards ek wiltquitie. siemens, its profit almost halved dropping to $1.1 billion in total for the quarter and falling short of analyst expectations. its earnings slide is due to one of charges and it remains confident that its profit to the earned of september will exceed $10.8 billion. with more on those figures and what the future might hold for siemens, let's go to its ceo. thank you for coming on "world business today" today, mr mr. lucia. why did your expectations come in disappointing the market? why was it? >> we basically have one of charges and a very important one was in the -- with a very highly innovative pioneering technology for cancer and the technology is feasible but commercially not ready. so this is a classic case where you work on a high-tech innovation project and you realize that it's not yet prime time. >> when will it be prime time? you're talking about a therapy treatment for cancers. but won't the
. the big question, whether or not boehner can sway enough republicans to push that bill through. when he arrived this morning, he seemed like he was ready for anything. >> zipadoda day. >>> we're watching wall street after the dow fell almost 200 points yesterday. stocks have been up and down today. investors saw first time claims for unemployment drop below 400,000, but they're still anxious over the debt standoff. right now the dow jones is up 29 points. ground zero workers are furious over a decision by the government not to cover cancer treatment for responders who got sick after 9/11. last night at a town hall in new york, from us at a tiustrated cs sounded off about what happened to them after the dust settled. >> i want to show you something. sometimes i have to eat through this tube because the muscles in my neck don't work to swallow. i breathe and talk through this tube. and i'm the lucky one. >> a public appearance today by the hotel maid who accuses dominique strauss-kahn of sexual assault. ded dialnafissatou diallo will visi christian center for thank her her supporters. pro
stick with me. we'll take it. go, big money! i mean, go. it's your break, honey. same coverage, more savings. now, that's progressive. call or click today. unlike fish oil, megared softgels are small and easy to swallow with no fishy smell or aftertaste. try megared today. >>> let's go live to washington. it's the house whip speaking right now. congressman steny hoyer of maryland here. now keep in mind five days remaining to a potential default of the treasury. the house of representatives just begun the debate there over this legislation to raise the debt ceiling. now this is the plan today put forth by the speaker of the house john boehner, and at last report boehner continues to twist arms among his own republicans to win enough vote to pass this thing. let's bring in joe johns here in washington. joe, let's just both listen to speaker boehner. this is when he spoke just a short time ago. >> the bill is not perfect. i've never said it was perfect. nobody in my caucus believes it's perfect, but what this bill reflects is a sincere, honest effort to end this crisis in a bipartisan w
the c. and he appeared to be picking up the votes. lesson to shawn duffy. >> is this as big as we wanted to go? heck, no. we wanted to go bigger. we ran on going bigger. but this is the only proposal on the table that accomplishes the goals that we set out to do. >> progress but apparently and this is why we have such a drama unfolding on capitol hill, not enough progress. the speaker is still short the votes. he's delayed the key vote, a key vote to not only if you are sitting at home, maybe you think the debt ceiling should be raised, maybe you should, it's a fundamentally important political showdown, some people think the speaker's hold on his job could be in jeopardy if he loses this vote. let's go to kate bolduan, do they believe they can twist enough arms to get enough votes to pass this tonight? >> reporter: fabulous question this evening and one that is very hard to answer at this moment. i can tell you, let me just give you the lay of the land what you can probably see a little bit of, john, you were talking about the speaker's office, it's right down the hallway, what we're se
party members that want huge cuts in spending and no hike in the debt ceiling. here is where the big numbers come in. the republican speaker has staked his leadership on the plan to let the treasury borrow $900 billion right away, while cutting $915 billion in future spending. contrast that with the senate plan from majority leader reid which would hike the debt by $2.7 trillion by cutting spending by $2.2 trillion. it's not clear when the senate will vote on anything, actually. and that brings me to cnn correspondent, kate bolduan. >> reporter: sounds like they are cautionly optimistic. i am told speaker boehner said they do not have the votes yet but will pass that pill, and some news, on the senate side, the senate majority leader harry reid took to the floor and said this evening, tonight, the senate will move to act on the boehner bill. this assumes that boehner secures the votes and does pass in the house, but this is significant, because all along we have been hearing that there was a sense that the senate was waiting to act to see what happens with the boehner bill, and harry
there are also big signs that speaker boehner is facing a vocal rebellion among the gop ranks, among republican ranks. this morning on conservative talk radio he tried to rally the troops. >> is it true that you told some of the republican members this morning that you need to get your a word in line behind this debt ceiling bill? >> i sure did. listen, this is time to do what is doable. this bill isn't perfect. >> what have we got to do? >> just moments after he spoke those words from fellow republicans and tea party leaders were rallying against his bill outside the capitol. >> folks, we've got to hold the line. we've got to stand strong. we can't let down the people who elected us last november. >> we have the boehner proposal on the table. it will cut next year $1billion [ audience boos ] >> we are spending $1 billion an hour virtually. that is insignificant and not meaningful reform. >> tea party favorites rand paul and jim demint. one of the rally organizers saying compromise simply is not the answer. >> we do think compromise is a bad word. if you look at what's happened, compromise has
Search Results 0 to 14 of about 15 (some duplicates have been removed)